Transfer on Death definition

Transfer on Death or ‘TOD’ means the designation of a beneficiary named on titled personal property for purposes of reregistering and retitling such titled personal property in such beneficiary’s or beneficiaries’ name or names upon the death of the last surviving owner of such titled personal property.
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Transfer on Death clause is an optional instruction by the account owner to minimize the future legal work required by having the deceased Customer’s assets transferred to the linked bank account or linked digital asset address upon our receipt and acceptance of the Customer’s proof of death.
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Transfer on Death. (XXX), “In Trust For” (ITF) or under similar designation.
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Examples of Transfer on Death in a sentence

  • I agree to the terms set forth in this Individual Transfer on Death Account Agreement, including the predispute arbitration clause located in paragraphs 15 and 16 of Step 2 on Page 2 of this agreement.

  • Each of the signatories below agrees to the terms set forth in this Joint Transfer on Death Account Agreement, including the predispute arbitration clause located in paragraphs 15 and 16 of Step 2 on Page 2 of this agreement.

  • I, the undersigned, authorize Pershing LLC (“Pershing”), as clearing agent for , my broker- dealer, to open a Transfer on Death account according to the terms and conditions set forth herein.

  • Distributions will be made in accords with federal law, and the Delaware Uniform Transfer on Death Securities Registration Act.

  • Beneficiary ownership percentage shall also be designated on the Transfer on Death Agreement, and if no such designation is made, the apportionment shall be in equal shares among all surviving designated Beneficiaries.

  • Transfer on Death Addendum This disclosure agreement document, addendum and application (“Agreement”) is entered into by and between the undersigned Owner (“Owner” or “Owners”) and Hilltop Securities Inc., a Delaware corporation (“Hilltop Securities”) and will govern property held by Hilltop Securities and designated by Owner as a Transfer on Death Account (“XXX”).

  • By signing this document, it is acknowledged that you have received, read, and understand the Transfer on Death Agreement and Addendum as well as the Customer Information Brochure, which is herein incorporated by reference, and agree to be bound by the terms and conditions contained by both.

  • If you have made a per stirpes designation for either the Primary or Contingent Beneficiaries named in this section, complete the following: Provide the individual's name or provide the role of either Executor/Executrix or Trustee Transfer on Death (XXX) Agreement This Agreement contains the various terms and conditions governing your brokerage account(s) registered as XXX.

  • All parties must sign, initial, & date Transfer on Death Include Transfer on Death Form IRA (Type) NAME OF CUSTODIAN OR TRUSTEE MAILING ADDRESS Corporation S-Corp C-Corp Qualified Pension or Profit Sharing Plan Include copy of Corporate Documents.

  • All states, except for Louisiana, have now adopted Transfer on Death (sometimes referred to as payable on death) statutes which permit a security owner to designate a beneficiary upon registration of securities or opening an account.

Related to Transfer on Death

  • Brain Death means irreversible unconsciousness with total loss of brain function; and complete absence of electrical activity of the brain, even though the heart is still beating.

  • Permitted Transfer has the meaning set forth in Section 10.02.

  • Termination of parental rights means the permanent elimination of all parental rights and duties, including residual parental rights and duties, by court order.

  • transfer of funds means any transaction at least partially carried out by electronic means on behalf of a payer through a payment service provider, with a view to making funds available to a payee through a payment service provider, irrespective of whether the payer and the payee are the same person and irrespective of whether the payment service provider of the payer and that of the payee are one and the same, including:

  • Exempt Transfer means, in relation to shares held by a member:

  • Continuous Status as an Employee means the absence of any interruption or termination of service as an Employee. Continuous Status as an Employee shall not be considered interrupted in the case of a leave of absence agreed to in writing by the Company, provided that such leave is for a period of not more than 90 days or reemployment upon the expiration of such leave is guaranteed by contract or statute.

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Termination of Service means: